We’re Back to Late 2007… or early 2000 (Remember How Those Ended?)
The market is rising… or is it? The number of individual S&P 500 companies above their 200-day moving averages (200-DMA) has rolled over. Put simply, the broader market is NOT confirming this move in stocks. So overall the momentum is leaving the market… but still the stock market index is going higher… Why is this?
The post We’re Back to Late 2007… or early 2000 (Remember How Those Ended?) appeared first on Gains Pains & Capital.
Source: http://gainspainscapital.com/2017/05/09/back-late-2007-early-2000-remember-ended/
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